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20 hour ago
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Strategy Acquires 1,129 BTC; Bitmine Adds 44,463 ETH

With Bitcoin and Ethereum prices facing corrections, major holders Strategy and Bitmine Immersion have made substantial portfolio moves.

Strategy's Bitcoin Acquisitions

  • Strategy acquired 1,129 BTC between December 22-28 at an average price of $88,568, totaling approximately $108.8 million.
  • Total Bitcoin holdings now stand at 672,497 tokens, with a total investment of about $50.44 billion.
  • The company sold $108.8 million in Class A common stock under an equity offering, leaving $11.7 billion available for future issuance and sale.
  • Paused acquisitions between December 15-21 after selling $747.8 million in common stock.

Bitmine's Ethereum Holdings

  • Bitmine added 44,463 ETH last week, increasing total holdings to 4,110,525 ETH, staked 408,627 ETH.
  • This accounts for about 3.41% of the entire Ethereum supply.
  • Tom Lee highlighted year-end tax-loss selling as a factor in market pressure.
  • Focus on enhancing shareholder value through strategic acquisitions and yield optimization.

Market Context

  • BTC consolidating below $90,000 at $87,400 and ETH trading above $2,920.
  • Year-to-date losses: ETH down 12%, BTC down 6%.
  • Strategy’s stock (MSTR) priced at $156, a 71% decline from November 2024 high.
  • Bitmine’s stock (BMNR) at $28.40, reflecting an 82% loss since July.

Ethereum